Ascend / Waterfront Alameda

Alameda CA
Date:Jan 08, 2014

Ascend Communications

SRM developed this build-to-suit R&D campus and also performed as general contractor. This project includes 380,000 square feet of entitlements and delivery of the first three buildings consisting of 195,000 square feet within six months after procuring the land out of bankruptcy.

Ascend was later acquired by Lucent Technologies and vacated the campus following the dot-com downturn. SRM reacquired the campus and converted it to multi-tenant before resale in less than three years, increasing value by over 260%.